Forsyth, GA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Forsyth, GA Housing Market Trends

With a population of 4,130, 1,687 total housing units (homes and apartments), and a median house value of $153,587, house prices in Forsyth are solidly below the national average.

Single-family detached homes are the single most common housing type in Forsyth, accounting for 66.90% of the city's housing units. Other types of housing that are prevalent in Forsyth include large apartment complexes or high rise apartments ( 19.42%), duplexes, homes converted to apartments or other small apartment buildings ( 12.23%), and a few mobile homes or trailers ( 1.45%).

The most prevalent building size and type in Forsyth are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.31% owning and 47.69% renting.

There is a lot of housing in Forsyth built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Forsyth built between 1940-1969 ( 26.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.38%). There's also some housing in Forsyth built before 1939 ( 8.19%).

Vacant housing appears to be an issue in Forsyth. Fully 15.78% of the housing stock is classified as vacant. Left unchecked, vacant Forsyth homes and apartments can be a drag on the real estate market, holding Forsyth real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Forsyth Home Appreciation Rates

Real estate appreciation rates in Forsyth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.32% during the period.

Appreciation rates are so strong in Forsyth that despite a nationwide downturn in the housing market, Forsyth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Forsyth appreciation rates continue to be some of the highest in America, at 7.73%, which is higher than appreciation rates in 94.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Forsyth. Forsyth appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.92%.

Relative to Georgia, our data show that Forsyth's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$153,587

Forsyth, GA HOME PRICES

> $1,220,000
0.7%
0.7%
$915,001 - $1,220,000
0.3%
0.3%
$610,001 - $915,000
2.5%
2.5%
$488,001 - $610,000
0.9%
0.9%
$366,001 - $488,000
12.0%
12.0%
$244,001 - $366,000
11.8%
11.8%
$122,001 - $244,000
34.7%
34.7%
$61,001 - $122,000
26.0%
26.0%
$0 - $61,000
11.1%
11.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for GA

Value Relative To Nation

Number Of Homes And Apartments:
1,687

Forsyth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
44.55% 1.77%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$882 / per month

Homeownership Rate

Owners
52.3%
52.3%
Renters
47.7%
47.7%
Vacant
15.8%
15.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
13.4%
13.4%
1970 - 1999
52.4%
52.4%
1940 - 1969
26.0%
26.0%
1939 or Older
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.9%
66.9%
Townhomes
0.0%
0.0%
Small Apt. Buildings
12.2%
12.2%
Apt. Complexes
19.4%
19.4%
Mobile Homes
1.4%
1.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
9.8%
9.8%
2 Bedrooms
37.5%
37.5%
3 Bedrooms
39.2%
39.2%
4 Bedrooms
11.6%
11.6%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Forsyth

Popular Communities Near Forsyth, GA

Zip Codes in Forsyth, GA